High Street, Barnet, EN5

An investment opportunity to purchase the freehold, plus 2 residential flats, and a parcel of land with potential for a development, subject to the usual planning consents. Please contact Spencer & Sener for more information.

ONE LOT COMPRISING:
1. Residential Investment- 1 x 2 bed flat and 1 x 1 bed flat both let on AST
2. Freehold Investment- 10 x residential units and 3 x commercial units.
3. Parcel of land at the rear with Development Potential

1. RESIDENTIAL INVESTMENT

1 x 2 bed flat 700ft top floor flat with 37'4 x 21'7 approx. private balcony and allocated parking space. Let on an AST at a rent of £1350 pcm. With scope to extend subject to the usual consents.

1x 1 bed flat 685 sq ft / 63.6 sq m top floor flat with a private balcony and allocated parking space. Let on an AST at a rent of £1250 pcm.

2. FREEHOLD INVESTMENT

10 x Residential Units & 3 Commercial Units
10 x flats with allocated parking
125 year Lease commencing circa December 2013
Ground Rent: £100 per annum first 25 years
£200 per annum second 25 years
£400 per annum third 25 years
£800 per annum fourth 25 years
£1600 per annum remainder of term

Service charge: Payable quarterly

3 x Commercial Units with allocated parking.
999 Year Lease.
Annual Rent- Peppercorn

3. DEVELOPMENT POTENTIAL

Land to the rear of 141A High Street, Barnet
Planning Permission Expired and never implemented.
Lease 999 years
Planning permission 14/08114/FUL to create 6 self-contained offices.